Regions
JV Breaks Ground on $39.5M N.D. Community, Banks on Oil Boom
In a joint venture, Braxton Development and The Sterling Group have broken ground on a $39.5 million luxury community in Williston, N.D. This area is currently a hot spot for development, thanks to the Bakken Shale Formation’s oil boom.
Auction.com Sells 12 Communities During Three-Day Multifamily Auction
Auction.com (www.auction.com), an online real estate marketplace, successfully auctioned 12 multifamily properties totaling 1,716 units during a three-day online auction earlier this month.
TODAY’S DEALS: HFF Arranges $6.1M in JV Equity, $17.8M Mortgage for Colorado Apartments
HFF arranges joint venture equity and Freddie Mac mortgage financing for a suburban property in Colorado; and NorthMarq Capital closes on a $12.56 million Freddie Mac mortgage.
Thompson | Dorfman Partners Hires Gillian Sutton Cho as Vice President of Development
Thompson | Dorfman Partners LLC, a professional developer, owner and manager of multifamily real estate, announced that industry veteran Gillian Sutton Cho has been hired as vice president of development.
PropertyShark.com Launches REO listings in New York City
PropertyShark.com, a real estate research site, officially announced today the launch of REO listings in New York City.
Q1 2013 Commercial/Multifamily Mortgage Bankers Originations Up 9 Percent from Q1 2012
First quarter 2013 commercial and multifamily mortgage loan originations were 9 percent higher than during the same period last year and 36 percent lower than the fourth quarter of 2012, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
JAG, Perseus Realty and Rockpoint Group Sell 231-Unit Luxury Apartment Building in D.C.
A joint venture between Jefferson Apartment Group, Perseus Realty and Rockpoint Group has sold 14W, a 231-unit luxury apartment building located in the popular U Street neighborhood of Washington, D.C.
Economy Watch: Pending Home Sales Up
The National Association of Realtor’s Pending Home Sales Index, a forward-looking indicator based on contract signings, rose to 105.7 in March from a downwardly revised 104.1 in February.
Ground Broken on Southern L.A. County Affordable Housing
Work has started on Terracina Apartments, a new 72-unit apartment development in southern Los Angeles County.
Housing Partnership Equity Trust Launches with $100M in Funding for Affordable Communities
The Housing Partnership Equity Trust announced that it has raised $100 million. It will begin investing in multifamily communities in partnership with 12 high-performing nonprofit housing providers.